Toymaker Hornby’s share price goes off the rails after latest profit warning February 10, 2016 Shares in model trainmaker Hornby have crashed by more than 50 per cent after the company issued yet another profit warning this warning and said it may breach its banking covenants. The Kent-based company behind Thomas the Tank Engine and Pocher car model kits, said a "disappointing sales performance" in the New Year is expected to result in a [...]
Tullow Oil’s share price falls despite losses narrowing last year in the midst of falling oil prices February 10, 2016 Tullow Oil shares fell today, despite the company reporting that losses narrowed last year as the company said it's begun to renegotiate its debt with lenders. The Africa-focused oil group's share price was 7.43 per cent down, at 149.5p in mid-morning trading. [charts-share-price id="81"] Tullow warned that "banking discussions with regard to March 2016 re-determination have begun," as it reported that it finished [...]
UK skills gap: One in four firms looking overseas for tech talent February 10, 2016 UK firms are looking overseas to fill tech roles as the digital skills gap shows no sign of narrowing. One in four firms are looking overseas for IT talent, according to a survey of more than 1,000 managers done by recruiter Experis. But there’s a big difference across roles, the study shows. Development solutions jobs [...]
Deutsche Bank’s share price soars on reports bank is mulling a major bond buyback February 10, 2016 Deutsche Bank's share price soared more than 13.7 per cent this morning, amid reports the German lender is poised to announce a multi-billion euro bond buyback. The bank yesterday attempted to reassure staff and investors through an open letter in which co-chief executive John Cryan insisted it was "rock solid". It followed a note the night before [...]
Arm Holdings shrugs off Apple woes to report soaring profits February 10, 2016 Arm Holdings has reported profits and sales soaring by double-digit figures, as the UK chip maker shrugs off the sector’s woes. The figures Arm posted full-year revenue of £968.3m for 2015, up by 22 per cent from £795.2m the year before. Pre-tax profits were up 31 per cent to £414.8m, from £316.5m last year. The [...]
Asahi to buy SABMiller’s Grolsch and Peroni brands for £2.4bn ahead of AB InBev deal February 10, 2016 Japan’s Asahi Group Holdings has agreed to buy SABMiller’s Grolsch and Peroni brands ahead of SABMiller’s megabrew deal with AB InBev. The acquisition is likely to set Japan’s biggest brewer back over 400bn yen (£2.4bn), according to the Nikkei business daily who first reported the deal, making it the biggest overseas buyout in history for [...]
New homes at Canary Wharf Group and Qatari Diar’s Southbank Place unveiled February 10, 2016 The next phase of homes at Canary Wharf Group and Qatari Diar’s Shell Centre scheme on the South Bank has been unveiled today. The developers behind the 5.25-acre riverside site have put 164 homes at Casson Square on the market, with prices range from £650,000 for a studio and £3.6m for a three-bedroom flat. The apartments are split [...]
Greater London rental prices rise at slowest pace in nearly two years February 10, 2016 Greater London rents rose at their slowest rate in almost two years in January, according to research released today by HomeLet, suggesting that prices in the capital may have reached their peak. The insurance provider’s latest rental index reveals that prices rose by 6.2 per cent in the three months to January compared to the same [...]
New buyer registrations for prime London homes jump as buy-to-let landlords rush to beat stamp duty hike February 10, 2016 New buyer registrations for prime London homes soared in January as buy-to-let landlords scramble to complete their purchases before the stamp duty hike comes into effect in April. Figures from estate agency Marsh and Parsons today show that the number of new buyers registering in January 2016 was 24 per cent higher than in the [...]
Burberry sues US retailer JC Penney accusing it of trademark infringement over coats, jackets and scarves allegedly featuring the “Burberry check” pattern February 9, 2016 British luxury fashion brand Burberry has filed a complaint against US retailer JC Penney, accusing it of trademark infringement for selling coats and jackets bearing exact copies of the "Burberry check" pattern. Burberry has accused the company of illegally selling quilted jackets with the pattern, as well as "scarf coats" in which scarves carrying the pattern were sold [...]